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Thursday , January 27 2022

Business

KFAS to finance pilot project in bid to reduce traffic congestion

Initiative aims at encouraging use of public transportation KUWAIT CITY, Jan 26: The Kuwait Foundation for the Advancement of Sciences (KFAS) announced Wednesday the signing …

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NBK posts KD 362.2mn net profit for 2021

Board proposes cash dividend of 30 fils per share … total assets grow by 11.9% KUWAIT CITY, Jan 26: National Bank of Kuwait (“NBK”, the …

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ALAFCO to lease 4 jets to Alitalia

KUWAIT CITY, Jan 25 : Kuwait’s Aviation Lease & Finance Co (ALAFCO) said on Monday it has agreed to lease a quartet of Airbus aircraft …

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Move to revive liquidity of the general reserve

KUWAIT CITY, Jan 25: Kuwait Investment Authority (KIA) is currently looking into strategic options for full and partial investments according to the approved mechanisms for …

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KD 3.1 billion deficit expected in 2022/2023 state general budget

‘Budget calculated on break-even price of $75 per barrel’ KUWAIT CITY, Jan 25: The Ministry of Finance said the expected deficit in the state’s general …

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Bids for T2 package 3 project to be studied

KUWAIT CITY, Jan 25: The Central Agency for Public Tenders (CAPT) has referred the bids presented for the construction, completion and furnishing of package No. …

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Over 3,000 forced to quit market

‘Facelift cuts number of real-estate agents’ KUWAIT CITY, Jan 25: Head of the Kuwait Union of Real Estate Brokers Abdulaziz Al-Dughaishem affirmed that the number …

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Gold keeps gains for 3rd straight week

KUWAIT CITY, Jan 24: Gold retained its gains for the third consecutive week at USD 1.832 per ounce, as the US dollar and value of …

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Cabinet submits 22/23 budget proposal

Deficit forecast down 74.2% KUWAIT CITY, Jan 24: The Kuwait Ministry of Finance Monday released the State of Kuwait’s draft budget bill for the coming …

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KUFPEC makes gas condensate find in Indonesia

KUWAIT CITY, Jan 23 : Kuwait Foreign Petroleum Exploration Co. (KUFPEC) unveiled on Sunday a significant gas condensate find in offshore Indonesia, hailing the discovery …

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